News In Brief: Early September Edition

Published September 8, 2017

Our top story: someone has finally had to answer for what was found in the Panama Papers. Júlíus Vífill Ingvarsson, a former Reykjavík city councilperson for the Independence Party, is now being investigated for money laundering and tax fraud. As the leaked data from financial company Mossack Fonseca revealed, Júlíus’ company, Silkwood Foundation, had a Panamanian account with the Swiss bank Julius Bär. There, he hoarded money that he never reported to tax authorities. And that may be just the beginning. Well, someone had to pay the price for what the Panama Papers revealed. Couldn’t have happened to a nicer person.

Have you ever been in some peaceful part of Iceland, just enjoying a quiet natural setting, when all of the sudden the tranquility is broken by the distinct whining buzz of someone’s drone? Didn’t that fill you with rage? Icelandic geese

... read more at: https://grapevine.is/mag/articles/2017/09/08/news-in-brief-early-september-edition/

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